Back. Notable we are hearing from President Trump that a phase i deal could be signed in chile in november, so youll have to wait isile until we get the dotted and ts crossed. Lets check in on a chart we have been looking at quite a bit over the last few weeks. This is the second half of 2019. The Third Quarter on july relatively flat. Gold in yellow, treasury futures in white, so actual bonds, and the nasdaq and s p 500 in blue and orange. Then the fed meeting, we see a bit of my divergence, gold and treasuries going sharply higher we see a bit of a divergence. In august, trade headlines really bringing investors out of risk assets into havens. A little bit of a stalemate in september. What i would like to point out, october started off on a down note for stocks, but now on the possibility of this trade deal, waiting for the details, we see that stocks are basically even now over this time period, and havens coming down. Gold having its worst week since february, treasuries its worse
It was up 517 point early in the session. Im melissa francis. Connell he always say happy friday. Im connell mcshane. Both s p 500 and dow ending up more than 1 . Look at apple. It is in record territory for the first time this year, 236. 21. President trumps meeting going on with chinas vice premier at oval office. Once that wraps, well bring any comment from that. Maybe additional comment from the president as he leaves the white house. Were all over it. Fox Business Team coverage. Deirdre bolton at the white house. Grady trimble on the ground in chicago. Deirdre, youre where all the action is. Reporter exciting here. Tons of correspondent running in and out as you can imagine. I want to highlight the question of vocabularily. We heard President Trump talk about a substantial phase one deal. Notice the world deal. A friend of mine who speaks mandarin, that the Chinese Press is transpiring what is transpiring here, as a pause, a pause in the trade war. Not necessarily a deal. So just
Developments. Reporter reporters are staged just outside the oval office now ready to go into the oval whenever the president invites them in for his discussion obviously a much anticipated moment at the white house. Do they have a deal . Do they not have a deal . Do they have something in between that might be an interim step along the way to a deal we dont know as we stand here right now. A lot of rumors swirling around washington and wall street but the chinese delegation is here, theyre in the oval office now. We expect to see the president at some point we just dont know exactly what theyre going to stay Stephen Mnuchin came to the Briefing Room a short time ago, i asked him for an update on the talks and whether or not its possible we get to the end of the day today without an announcement of any developments at all we declined to answer the question he said the talks so far have been productive and that time of the day they were going in to brief the president but no specific in
Operators collapse. The British Supreme Court prepares to rule on the lawfulness of the decision to suspend parliament he says he wants a fresh nuclear deal with iran and says donald trump is the guy to get it done. And saying the trade war is the biggest obstacle what scares me is that instead of trade buying the big window of opportunity, it weighs like a big dark cloud on the Global Economy good morning. Welcome to street signs. Yesterday, about 24 hours ago, we had those extremely weak pmi numbers coming out of germany. We are just getting business numbers coming out now it is saying german business moral has risen in september the Climate Index is at 94. 6, slightly higher than the forecast of 94. 4 Current Conditions come in at 98. 5 better than the forecast. The forecast came in at 91. 8 so it is interesting on current climate conditions came in higher than expectations the forward looking metrics actually fell to 90. 8, that is lower than expectations of 91. 8. Slightly better
That it will have about 40 upside from here at jefferies. 1. 4 higher. We have norfolk southern, wynn resorts, plenty of stocks higher. The 10 year yield is at 1. 67 . It was twice subscribed, but only 30 billion of liquidity from the fed today. Down 1. 2 . Guy the big story out of europe today is the staggering loss the Prime Minister suffered here in the u. K. At the supreme court. Absolutely a battering for Boris Johnson, probably the worst of all outcomes. The Prime Minister says he will continue to deliver brexit on october 31, but it is becoming harder and harder by the day. The pound pricing some of the no deal risk out today, but not a lot of it. In fact, they reaction from the british pound really quite muted today. You can see the reaction when that came through from the supreme court. Weve climbed a little further since then, but nevertheless, is this a game changer . The sense from the financial markets, absolutely not. Lets take a look at some other asset classes. European